$4.2B Australian Coal Mine Project Snags Key Enviro Nod

Law360, New York (May 31, 2013, 2:57 PM EDT) -- A key Queensland state official has greenlighted the environmental review of a $4.2 billion (US$4 billion) coal mine project in Australia proposed by a joint venture of Hancock Prospecting Pty. Ltd. and India's GVK Industries Ltd., according to a Friday statement.

The Queensland coordinator-general on Thursday approved and finalized the environmental impact statement on the project, known as Kevin's Corner, which will involve underground and open-cut mines, as well as additional infrastructure, according to a statement. The nod paves the way for the federal minister to...